Dalian Shengya: Wholly-owned subsidiary Shengya Culture and Tourism plans to reduce its registered capital by 32.3749 million yuan.

Dalian Shengya announced that its wholly-owned subsidiary Shengya Wenhui Tourism Industry Group Co., Ltd. plans to reduce its registered capital by 32.3749 million yuan. After the capital reduction, Shengya Wenhui's registered capital will be reduced from 100 million yuan to 67.6251 million yuan, and the company will still hold 100% equity of Shengya Wenhui. This capital reduction is within the approval authority of the board of directors and does not require approval from the shareholders' meeting. This capital reduction does not involve related party transactions and does not constitute a major asset restructuring.